| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19.1B | $18.9B | $18.8B | 1.1% | 1.9% |
| Op. Income | $490M | $295M | $519M | 65.8% | -5.6% |
| Gross Margin | 27.4% | 27.0% | 27.9% | 0.5pp | -0.5pp |
| Net Margin | 1.5% | 0.9% | 2.1% | 0.6pp | -0.6pp |
| EPS (Diluted) | $0.55 | $0.30 | $0.69 | 83.3% | -20.3% |
| Free Cash Flow | $1.2B | $447M | $54M | 165.6% | 2115.1% |
| Item | Amount |
|---|---|
| REVENUE | $19.1B |
| Cost of Revenue | $13.9B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | -$1M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $490M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $293M |
| D&A | $596M |
| EBIT | $494M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $19.1B |
| Cost of Revenue | $13.9B |
| GROSS PROFIT | $5.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4.8B |
| Other Expenses | -$1M |
| Operating Expenses | $4.8B |
| Cost & Expenses | $18.6B |
| OPERATING INCOME | $490M |
| Interest Income | $0 |
| Interest Expense | $116M |
| Other Income/Expenses | -$112M |
| INCOME BEFORE TAX | $378M |
| Income Tax Expense | $84M |
| Net Income from Continuing Ops | $293M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $293M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $293M |
| D&A | $596M |
| EBIT | $494M |
| EBITDA | $1.1B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $293M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$400.0K |
| Other Non-Cash Items | $2.2B |
| Change in Working Capital | -$866M |
| OPERATING CASH FLOW | $1.6B |
| Capital Expenditure | -$462M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $127M |
| NET CASH FROM INVESTING | -$1.3B |
| Net Debt Issuance | $918M |
| Common Stock Repurchased | -$650M |
| Common Dividends Paid | -$77M |
| Other Financing Activities | -$652M |
| NET CASH FROM FINANCING | -$461M |
| FREE CASH FLOW | $1.2B |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $14M |
| Net Receivables | $1.0B |
| Inventory | $5.5B |
| Other Current Assets | $367M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $15.9B |
| Goodwill | $1.2B |
| Intangible Assets | $2.2B |
| Long-Term Investments | $116M |
| Tax Assets | $0 |
| Other Non-Current Assets | $584M |
| TOTAL NON-CURRENT ASSETS | $20.0B |
| TOTAL ASSETS | $27.1B |
| Account Payables | $4.0B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $8.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $821M |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $16.8B |
| TOTAL LIABILITIES | $24.6B |
| Common Stock | $6M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | $79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $27.1B |
| Total Debt | $15.4B |
| Net Debt | $15.2B |
